S. 2738
Referred to CommitteeProviding Real Opportunities for Growth to Rising Entrepreneurs for Sustained Success (PROGRESS) Act
Latest Action
Read twice and referred to the Committee on Finance.
10/30/2019 • Senate
Summary
Providing Real Opportunities for Growth to Rising Entrepreneurs for Sustained Success (PROGRESS) Act
This bill provides for a new angel investor tax credit to promote investment in start-up businesses and a first employee tax credit equal to 25% of employee wages, up to $10,000 in a taxable year. An employer may elect to apply the amount of the first employee tax credit to payroll tax liability.
Introduced in Senate • 10/30/2019
Topics & Subjects
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Bill Journey
Originated in the Senate
Introduced
October 30, 2019
Read twice and referred to the Committee on Finance.
Committee Review
Floor Debate
Passed Chamber
Other Chamber
President
Enacted into Law